CBOT soybeans lower on technical setback, ample supply

ReutersApr 28, 2026 7:52 PM

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CHICAGO, April 28 (Reuters) - Chicago Board of Trade most-active soybean futures Sv1 eased on Tuesday on a technical setback, with ample supplies amid bumper South American harvests also pressuring prices.

Early U.S. soybean and corn planting has made good progress, though storms expected in the U.S. Midwest could delay seeding in some areas.
Oil prices extended gains on stalled efforts to end the U.S.-Iran war while the Strait of Hormuz trade route effectively remained shut. Corn and soybeans are key feedstocks for biofuels.
The U.S. Department of Agriculture on Monday reported that soybean planting was 23% complete, ahead of the average trade estimate of 22% and the five-year average of 12%.
CBOT July soybeans SN26 settled 2-3/4 cents lower to $11.89-1/4 per bushel.
CBOT July soyoil BON26 ended 0.85 cent higher to 72.52 cents per pound.
July soymeal SMN26 ended 40 cents lower to $327.40 per short ton.

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